Stories

Anjin Diamond Mine workers in Chiadzwa have returned to work after management promised to pay their outstanding salaries for September.

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Venture Capital for Africa (VC4Africa) founder Ben White says Zimbabwean entrepreneurs have to learn to use available resources to start-up businesses that can create job opportunities and attract international investors.

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Government has amended requirements for recipients of business loans under the Youth Development Fund (YDF), to make it mandatory for applicants to have business training, after experiencing a high default rate, youth minister Francis Nhema has said.

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Trade between Zimbabwe and the European Union is this year seen rising significantly driven by the growing demand for the African country’s sugar and tobacco, an official has said.

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Econet Wireless Zimbabwe has reported a 30 percent decline in after tax profit to $49.6 million for the six months to August compared with the same period last year as revenue growth continues to slow down, company financials showed yesterday.

(116 VIEWS)

First Lady Grace Mugabe continued her attack on Vice-President Joice Mujuru today asking her to resign and accusing her of betraying her husband President Robert Mugabe by mobilising support to…

Zimbabwe’s net foreign direct investment flows are seen contributing a meagre two percent of the gross domestic product over the next two years as the Southern African nation misses out on strong Sub Saharan Africa growth rates, an International Monetary Fund regional economic outlook report has shown.

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South African diamond executive Ernest Blom allegedly traded in Marange diamonds long before he decided to team up with United States sanctions buster C Gregory Turner and even boasted about his involvement, the former chief executive of African Consolidated Resources, Andrew Cranswick told United States embassy officials in November 2008.

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Riot police yesgterday rescued of the management of troubled AfrAsia Bank’s Mutare branch after some civil servants turned rowdy when they failed to access their salaries, police said, a sign of the deepening crisis at the bank.

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Zimbabwe’s electricity generation has fallen to 806 megawatts from all its power stations following a systems disturbance at Hwange Thermal Power and maintenance works at other plants, with more power outages likely, the company said today.

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